EUR/USD Daily Forecast - 08 February

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Wednesday, Feb 07 2018

EUR/USD Daily Forecast - 08 February

Despite no major data releases, euro was pushed lower in the course of the yesterday's session going all the way below 1.23 handle to a daily closing around 1.2260 level. We expect similar session tomorrow, with some bearish trend in euro. Any type of supportive candles around 1.2230 and 1.22 area would be short-term buying signal, while resistive candles above 1.2330 and 1.2350 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this decline. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.

More in this category: « GBP/USD Daily Forecast - 08 February AUD/USD Daily Forecast - 09 February »

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